The Raytheon/USAF Corporate Contract is a 10 year ID/IQ contract that was designed to be the Preferred method for the acquisition of sole source Raytheon items throughout the US Government. This Strategic Sourcing Contract can be used to procure Equipment, Spare Parts, Repairs, & Technical/Engineering Services using Fixed Price, Cost Plus, or Time & Material delivery orders in accordance with FAR Part 12 (Commercial) or FAR Part 15 (Non-Commercial). This allows a cost effective approach to repetitive procurements and allows quick order placement for pre-priced items. This contract is valid until March 10, 2013, with a ceiling value of over $1 Billion.